Nuveen LLC Buys New Holdings in TWFG, Inc. $TWFG

Key Points

• Nuveen LLC has acquired a new stake in TWFG, Inc. by purchasing 501,491 shares valued at approximately $15.5 million, representing about 0.89% of the company's total shares.
• Analysts have varied opinions on TWFG, with the average rating being a "Moderate Buy" and a consensus price target of $34.57, while JPMorgan and UBS adjusted their target prices to $34.00 and $42.00, respectively.
• As of recent trading, TWFG's stock has seen a price decline of 3.5% and is currently priced at $28.03, amidst a market cap of $1.57 billion.

Nuveen LLC acquired a new stake in TWFG, Inc. (NASDAQ:TWFG - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 501,491 shares of the company's stock, valued at approximately $15,501,000. Nuveen LLC owned approximately 0.89% of TWFG at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Tower Research Capital LLC TRC raised its holdings in TWFG by 273.8% in the fourth quarter. Tower Research Capital LLC TRC now owns 3,233 shares of the company's stock worth $100,000 after purchasing an additional 2,368 shares in the last quarter. Vanguard Group Inc. raised its holdings in TWFG by 0.7% in the first quarter. Vanguard Group Inc. now owns 621,151 shares of the company's stock worth $19,200,000 after purchasing an additional 4,252 shares in the last quarter. Janus Henderson Group PLC bought a new position in TWFG in the fourth quarter worth about $211,000. D. E. Shaw & Co. Inc. bought a new position in TWFG in the fourth quarter worth about $282,000. Finally, Occudo Quantitative Strategies LP bought a new position in TWFG in the fourth quarter worth about $285,000.

Analyst Ratings Changes

A number of equities analysts have commented on TWFG shares. Morgan Stanley reduced their target price on shares of TWFG from $35.00 to $32.00 and set an "equal weight" rating for the company in a report on Monday, August 18th. UBS Group boosted their target price on shares of TWFG from $40.00 to $42.00 and gave the stock a "buy" rating in a report on Wednesday, July 9th. JPMorgan Chase & Co. boosted their price target on TWFG from $33.00 to $34.00 and gave the stock a "neutral" rating in a research note on Monday, May 19th. Finally, Piper Sandler dropped their price target on TWFG from $38.00 to $32.00 and set an "overweight" rating on the stock in a research note on Thursday, August 14th. Four investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $34.57.

TWFG Stock Down 4.1%

Shares of TWFG stock traded down $1.16 during trading hours on Tuesday, reaching $27.43. 87,121 shares of the company's stock were exchanged, compared to its average volume of 173,396. TWFG, Inc. has a 1 year low of $24.29 and a 1 year high of $36.85. The stock has a market cap of $1.54 billion and a PE ratio of 66.90. The company has a current ratio of 105.86, a quick ratio of 105.86 and a debt-to-equity ratio of 0.01. The stock's fifty day moving average price is $31.55 and its two-hundred day moving average price is $31.82.

TWFG Profile

TWFG, Inc operates an independent distribution platform for personal and commercial insurance products in the United States. Its personal and commercial insurance products include auto, home, renters, life, health, motorcycle, umbrella, boat, recreational vehicle, flood, wind, event, luxury item, general liability, property, business auto, workers' compensation, business owner policy, and professional liability insurance products, as well as commercial bonds and group benefits.